Nuclear Energy Means 350 Jobs for Chattanooga

French industrial power and transport systems group Alstom (ALSO.PA: Quote, Profile, Research) on Tuesday said it would invest over $200 million to build a new manufacturing facility in Chattanooga, Tennessee, United States.

The site will manufacture steam turbines, gas turbines, generators and related equipment for use in U.S. power generation facilities and create 350 jobs at a time that the dollar/euro exchange rate makes it more attractive for European groups to produce in North America.

Alstom will be manufacturing those components for UniStar.

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Wednesday Update

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